"Target CEO Michael Fiddelke is reshuffling his leadership team and making other changes shortly after stepping into the top job at the retailer that has struggled operationally. Rick Gomez, the 13-year Target veteran who oversees the chain's vast inventory of merchandise, will leave the company. And Jill Sando, the chief merchandising officer overseeing a handful of categories like apparel and home and who has been with the company since 1997, will retire."
"Lisa Roath, who oversaw food, essentials, and cosmetics, will take Fiddelke's previous job as chief operating officer, the company said Tuesday. Cara Sylvester, who had been chief guest experience officer, will become the company's chief merchandising officer. The changes will allow Target to move with greater speed, Fiddelke said."
"Also on Tuesday, the company reiterated its profit guidance. It is also increasing investment in store staffing at stores while eliminating about 500 jobs at distribution centers and regional offices, according to a memo sent to employees that Target shared with The Associated Press. The cuts make up just a tiny fraction of Target's overall employee count of more than 400,000."
Michael Fiddelke reshuffled Target's leadership soon after becoming CEO, prompting departures and retirements among senior merchandising executives. Rick Gomez, the longtime inventory head, will leave the company, and Jill Sando, a chief merchandising officer since 1997, will retire. Lisa Roath will move into the chief operating officer role, and Cara Sylvester will become chief merchandising officer. Gomez and Sando will remain briefly to support the transition. Changes take effect Sunday. The company reiterated profit guidance while increasing store staffing investments and eliminating about 500 jobs at distribution centers and regional offices. Those cuts represent a tiny fraction of more than 400,000 employees.
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